Industry Background:
Aviation kerosene is generally used in the helicopters and airplanes equipped with turbine-based engines. Increasing production of aviation fuel propelling the aviation kerosene market. For instance, according to the United States Energy Information Administration, in 2017, refinery and blender net production of kerosene-type jet fuel was 1,702 thousand barrels per day in the United States. Further, growth in the airline industry and rising demand from the developing economies expected to drive the demand for aviation kerosene over the forecasted period.This growth is primarily driven by Growing Commercial Aviation Sector
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Aerospace & Defense sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Exxon Mobil Corporation (United States), Royal Dutch Shell (Netherland), Sinopec (China), Saudi Aramco (Saudi Arabia), Chevron Corporation (United States), BP Plc (United Kingdom), Equinor (Norway), Neste (Finland), Gevo (United States) and AltAir Fuels (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2022, Shell Retail and Convenience Operations LLC, a subsidiary of Shell Oil Products US, purchased specific company-owned fuel and convenience retail locations from the Landmark group of companies. This acquisition encompasses both the physical sites as well as the associated supply agreements for independently operated fuel and convenience outlets.
In August 2022, Shell International Petroleum Co Ltd and the Lufthansa Group entered into a Memorandum of Understanding (MoU) to explore the availability of Sustainable Aviation Fuel (SAF) at airports worldwide. The objective is to establish a contractual agreement for the supply of up to 1.8 million metric tons of SAF, commencing in 2024 and spanning a period of seven years. This collaboration represents a substantial milestone in the aviation industry, as it signifies one of the most noteworthy commercial partnerships for SAF and marks the largest commitment to SAF by both companies to date.Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Influencing Trend:
Increasing Demand for Jet Fuel and Rising Demand for the Military Applications
Market Growth Drivers:
Growing Commercial Aviation Sector and Rising Air Traffic in the Developing Economies
Challenges:
Availability of Substitute Products and Fluctuating Prizes of Aviation Kerosene
Restraints:
High Cost Associated With Aviation Kerosene and Stringent Government Regulations Regarding Aviation Fuel
Opportunities:
Increasing Demand for Fuel Efficient Aircraft and Rising Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Aviation Kerosene Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Aviation Kerosene Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Aviation Kerosene players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aviation Kerosene Study Sheds Light on
The Aviation Kerosene Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aviation Kerosene industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aviation Kerosene industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.